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Feb 22, 2013
02/13
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the new york city streets are horrible. >> you are so mean and cruel. >> but it's not just the maintenance of the current bridges and roads it's the need to build new bridges and roads, for example. the bridge or tunnel to connect new york and new jersey. >> david, here's the thing, what is the relationship between -- all right there's always going problems. keith is right. there's bad roads in new jersey and some in new york. how do we know what the spending should be and why should it all be federal spending. where is the state spending. where is the privatization. where is the toll booth spending you have for private companies the way they have it in indiana and some other highway states? >> well we have increased the toll booth spending over the last few years but still a relatively small share of the total. the feds contribute about a third. the states contribute about two-thirds of the total so most of the money comes from state gasoline taxes and other fees that the states impose. so together all of those contribute to the system that we now have. the upper level system, those the i
the new york city streets are horrible. >> you are so mean and cruel. >> but it's not just the maintenance of the current bridges and roads it's the need to build new bridges and roads, for example. the bridge or tunnel to connect new york and new jersey. >> david, here's the thing, what is the relationship between -- all right there's always going problems. keith is right. there's bad roads in new jersey and some in new york. how do we know what the spending should be and why...
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Feb 28, 2013
02/13
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impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which i suspect you'll also get an awful lot of complex pay deals coming up. >> that, too. >> and there's a lot of ways to try and get around it. >> credit suisse and some are trying to pay with derivatives. there may be different kinds of comp. but if you're talking about the best and the most talented, you could argue about that in the banking sector always. but those employees, if they're basically looking at this saying, i can go to singapore, hong kong, new york and get my traditional bonus structure that i want, why wouldn't they do that? >> or what you might get is a lot of people
impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which...
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Feb 1, 2013
02/13
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when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. not without some scandal, but certainly with a great deal of enthusiasm. in many ways he brought the spirit back and made you feel good about being a new yorker. which is not easy to do, when you had lived through the '70s. >> he passes on a day where a new biography, a film biography of him opens. something somebody said is the kochiest thing he could have possibly done. >> i've seen it. a friend of mine directed it. and, yeah, timing is great. it's also actually a great history of new york, and also, of this incredible man. >> grand central turns 100 today. an institution, a building that nearly went away, and could have gone away under his administration. he saved that. his inscription is going to have danny pearl's final words, my father was jewish, my mother was jewish, i am jewish. he will be missed. the biggest ipo since facebook, pfizer taking its animal business public today. al
when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. not without some scandal, but certainly with a great deal of enthusiasm. in many ways he brought the spirit back and made you feel good about being a new yorker. which is not easy to do, when you had lived through the '70s. >> he passes on a day where a new biography, a film biography of him opens. something somebody...
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Feb 1, 2013
02/13
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how much is it worth to the host city? >> well, it's been estimated at anywhere $400 million to $600 million in terms of revenue that's generated. i think like here in new orleans i think they're over 5,000 media people here, alone. but you'll have more than twice as many people. i mean, if your stadium holds 75,000, you'll probably have 150,000 people in the city during that same period of time. but it's big, and the publicity you generate is just magnificent for the host city. >> is there money to be made for the -- but a lot of money goes to the league, i would think, right? how much of it does actually go to the team? >> andrew, most of it -- virtually all of it goes to the league. the team makes a little bit, not much. that's not tivation. the motivation is what it does for your city and for your fan base. it does help the local team in terms of generating support, sponsors view your brand as being stronger, and it's easier to sell sweets if you've got a super bowl coming up. so, there's some indirect benefits. but, d
how much is it worth to the host city? >> well, it's been estimated at anywhere $400 million to $600 million in terms of revenue that's generated. i think like here in new orleans i think they're over 5,000 media people here, alone. but you'll have more than twice as many people. i mean, if your stadium holds 75,000, you'll probably have 150,000 people in the city during that same period of time. but it's big, and the publicity you generate is just magnificent for the host city. >>...
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Feb 9, 2013
02/13
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city. the traders and the weather outside is indeed frightful. trust me. but the returns from the stock market are down right delightful. the dow flirting with the 14,000 level. and the nasdaq new 12-year highs. so the question, is it too late to get in? let's find out. mike, it's interesting the s&p right now is almost close to the targets of a lot of strategists on wall street. we're almost there. >> you wonder whether you should get worried when the analysts are having a hard time keeping up the market. i understand why people would be bulls. talk about the divergence between corporate earnings and the foot is firmly on the gas pedal. and they say people are underinvested. i don't buy any of those. if the fed has their foot on the gas pedal, they could take it off. as far as everybody being underinvested, goldman sachs indicated they have 40 to 45% of their assets in equities already. when i look at the dow chart, ten-year chart, looks to me like it could be forming a double top. look at
city. the traders and the weather outside is indeed frightful. trust me. but the returns from the stock market are down right delightful. the dow flirting with the 14,000 level. and the nasdaq new 12-year highs. so the question, is it too late to get in? let's find out. mike, it's interesting the s&p right now is almost close to the targets of a lot of strategists on wall street. we're almost there. >> you wonder whether you should get worried when the analysts are having a hard time...
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633
Feb 14, 2013
02/13
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in his 12th and final state of the city address new york city mayor michael bloomberg is proposing a citywide ban of plastic foam containers. >> styrofoam increases the cost of recycling by as much as $20 per ton because it has to be removed. something we know that's environmentally destructive, costing taxpayers money and that is easily replaceable. we'll work to adopt a law banning styrofoam food packaging from our stores and restaurants, and don't worry. the doggie bag and the coffee cup will survive just fine. >> a switch to an alternate material would be more expensive and dunkin' donuts would have to replace foam cups. city council speaker christine quinn does seem open to it. in bloomberg world, new yorklers dress less than 16-ounce sodas in paper cups, maria. back to you. >> court, thanks very much. >>> pepsico higher after the beverage giant proposed earnings that exceeded expected. time to buy or are you better off with rival coke? coke versus pepsi in talking numbers today on the technical side. richard ross is global technical strategist with you aburg grayson and on the
in his 12th and final state of the city address new york city mayor michael bloomberg is proposing a citywide ban of plastic foam containers. >> styrofoam increases the cost of recycling by as much as $20 per ton because it has to be removed. something we know that's environmentally destructive, costing taxpayers money and that is easily replaceable. we'll work to adopt a law banning styrofoam food packaging from our stores and restaurants, and don't worry. the doggie bag and the coffee...
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Feb 1, 2013
02/13
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you heard the other day rahm emanuel said basically the chicago city workers, the chicago public unions are all going to be put into the health insurance exchanges. that is the way chicago is going to get out of whatever it is, its $8 billion unfunded liability. if he does it, then cities and states all across the country are going to dump their union employees right into the health insurance exchange and that is going to break the bank completely. >> that's exactly right. and that's exactly what they're asking in this provision now with these jointly run employer union plans. we want to be able to send our employees to these exchanges. the law is already costing 2.6 trillion over ten years. what would that do? and then who's to say that it's -- of course you couldn't just limit it to union employees. anybody who has a job should then be able to get coverage. >> but the idea of putting these government union workers into the exchange was not -- as far as i know, was not ever really expected. i mean, phil, this is a new twist. for rahm emanuel -- maybe it's very clever. get out from unde
you heard the other day rahm emanuel said basically the chicago city workers, the chicago public unions are all going to be put into the health insurance exchanges. that is the way chicago is going to get out of whatever it is, its $8 billion unfunded liability. if he does it, then cities and states all across the country are going to dump their union employees right into the health insurance exchange and that is going to break the bank completely. >> that's exactly right. and that's...
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Feb 6, 2013
02/13
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will any of the cities try to quell back the financial losses. >> oh, you bet they will. maybe not the city as much as the airline. >> oh, they have suggested they will. >> that is all part of negotiation. it happens all the time. not just with this plane but for all planes. >> they also got a discount for faking on the new plane. >> right. but the agreement is when the service starts, it starts. it doesn't start then stop. >> thank you very much. >>> a mixed market for the metals today. sharon checking the winners for us and maybe even some losers. hi, sharon. >> hi, mandy. we are where we started at the beginning of year for gold. platinum serving $200 this year. and highest levels since september 2011. real gains where people are putting their money is in the plat yum and palladium. we see growth positive from u.s. and china. add to that, tight supplies. keep your eye on the auto sector and we will see perhaps an even greater one in platinum in weeks to come. >> sharon, thank you. on deck, stock, one investor loves. bank, booming, and you probably never heard of it. >>
will any of the cities try to quell back the financial losses. >> oh, you bet they will. maybe not the city as much as the airline. >> oh, they have suggested they will. >> that is all part of negotiation. it happens all the time. not just with this plane but for all planes. >> they also got a discount for faking on the new plane. >> right. but the agreement is when the service starts, it starts. it doesn't start then stop. >> thank you very much....
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90
Feb 21, 2013
02/13
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taxes, is that really in the city of cleveland, this house? >> this is in the city of cleveland, a great location, within walking distance it a lot of nice restaurant. so some community theater. and a newly renovate movement issy theater. >> so if you like that kind of turn of the century house in downtown area, that be one for you. now let's look at carol avenue. $339,000. tell me about this one. another older home. >> correct. our move-up home. original house built in 1854. it is a bic home. completely renovated. a wonderful floor plan. very open. some very nice features. >> oh, look at that. looks nice on the inside there. keep talking. >> a solarium in your living room. a unique feature. you can have greenery in there. a multiple-head shower. >> now there was one that was a turquoise and another one one was a oaker color. which one is this? >> the oaker color. >> oh, the turquoise, i was thinking, that's a strong color. now time for 60 basswood lane in mooreland hills. popular area. now we step it up, a shall atile home, $838 grand. >> yes
taxes, is that really in the city of cleveland, this house? >> this is in the city of cleveland, a great location, within walking distance it a lot of nice restaurant. so some community theater. and a newly renovate movement issy theater. >> so if you like that kind of turn of the century house in downtown area, that be one for you. now let's look at carol avenue. $339,000. tell me about this one. another older home. >> correct. our move-up home. original house built in 1854....
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Feb 16, 2013
02/13
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tom stroll in sunny, warm san diego, america's finest city. >> the dats. i like the dats. go ahead. >> caller: i'm a financial adviser and long-time viewer who pleasure what you do to educate and motivate investors. >> thank you. >> caller: i was wondering if you would share what your objective criteria are for investors to use in determining best of breed. thank you. >> i've got to tell you, best of breed, i always start with record dividends. then i go to how a company's done consistently in good and bad times. and yes, for best of breed, i actually look at the product itself. is the product something i'd want to use? is it a bank i'd want to go to? is it, to use the danny meyer phrase, the great restaurateur, is it the one that is most hospitable to shareholders? anyway, new diversification, it's important. it's what we're preaching tonight. make sure your portfolio is home a high yielder. okay? you need a growth stock. you need a special -- you know what? a spec and then you need geographically safe area for one of them. i'll each you all about how to pick the best one
tom stroll in sunny, warm san diego, america's finest city. >> the dats. i like the dats. go ahead. >> caller: i'm a financial adviser and long-time viewer who pleasure what you do to educate and motivate investors. >> thank you. >> caller: i was wondering if you would share what your objective criteria are for investors to use in determining best of breed. thank you. >> i've got to tell you, best of breed, i always start with record dividends. then i go to how a...
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170
Feb 28, 2013
02/13
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eye 170
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the center of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's send it back to you in new york. >> reynolds, we were just talking about sorkin on the best dressed list and you may not be on it, but this is the guy that might replace it. loot him. >> thank you so much. >> you know what? i think he knew he was going to be back on squawk today. it's been a while and you said i'm going to be back on "squawk box." >> got the pocket square going. >> representing. >> and the hair is high .tight today, too, right? when was that done, yesterday? >> high and tight. my dad, god rest his soul, was a high and tight man. >> do you miss us on the days on -- >> ever
the center of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's...
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128
Feb 13, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. ens. answers. >>> we've reached the final step. how do actually analyze the company that's coming public. here you have to assess what the company makes, ask if it's profitable and most important, thinking about hanging on to the stock after the deal, you need to know how big its end markets are. that's the key thing. this isn't all that different from analyzing any other stock, except you have less information to go on, less track record. most of it coming from the prospe prospectus. it can be easy to figure out if it's a brand or has a product. but it can be more difficult to figure out what the company makes if it involves a sophisticated product, especially if it's technology. semiconductor miniaturization that can be some of the toughest ones. do you like it? that isn't the only question. but it doesn't matter. think about heelies. a fad i absolutely despise. safety. i jump when it became quickly and you have to get in and get out quickly. it popped into the 30s and began a long, sick
some of the world's cleanest gas turbines are now powering some of america's biggest cities. ens. answers. >>> we've reached the final step. how do actually analyze the company that's coming public. here you have to assess what the company makes, ask if it's profitable and most important, thinking about hanging on to the stock after the deal, you need to know how big its end markets are. that's the key thing. this isn't all that different from analyzing any other stock, except you have...
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Feb 4, 2013
02/13
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>> caller: cramer, this is mike in the windy city giving you a chicago bears b-b-boo-yah. >> what's up? >> caller: if i short a stock, how long do i have to cover that short? >> forever. forever. that's one of the great things about shorting. stay short for as long as you want. if the stock goes up, they may ask you to put more money up, though, and that's where people get squeezed. okay. you've got to dig deep if you want deep profits. gross margins will guide you in figuring out the direction of a stock. and some things you'll only find on the conference calls. not the headlines. gross margins, that's on the call. stay with cramer. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jac
>> caller: cramer, this is mike in the windy city giving you a chicago bears b-b-boo-yah. >> what's up? >> caller: if i short a stock, how long do i have to cover that short? >> forever. forever. that's one of the great things about shorting. stay short for as long as you want. if the stock goes up, they may ask you to put more money up, though, and that's where people get squeezed. okay. you've got to dig deep if you want deep profits. gross margins will guide you in...
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Feb 5, 2013
02/13
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>> caller: cramer, this is mike in the windy city giving you a chicago bears b-b-boo-yah. >> what's up? >> caller: if i short a stock, how long do i have to cover that short? >> forever. forever. that's one of the great things about shorting. stay short for as long as you want. if the stock goes up, they may ask you to put more money up, though, and that's where people get squeezed. okay. you've got to dig deep if you want deep profits.ç gross margins will guide you in figuring out the direction of a stock. and some things you'll only find on the conference calls, not the headlines. gross margins, that's on the call. stay with cramer. >>> you're hearing tonight for the first time not how to figure out what's a better or worse expected earnings report to do a good trade. seems to be a dominant way of thinking. how to put these reports to work for you. select the best stocks and prune those that need to go. talking longer term perspective. we figured out how to compute the growth rate of a company. something that @jimcramer on twitter, i keep getting that question, now it's answered. w
>> caller: cramer, this is mike in the windy city giving you a chicago bears b-b-boo-yah. >> what's up? >> caller: if i short a stock, how long do i have to cover that short? >> forever. forever. that's one of the great things about shorting. stay short for as long as you want. if the stock goes up, they may ask you to put more money up, though, and that's where people get squeezed. okay. you've got to dig deep if you want deep profits.ç gross margins will guide you in...
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Feb 20, 2013
02/13
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remains one of the city's top picks. >> one of our favorites on the "street signs." where is herb when you need him? jc penney is soaring. does he have to live on that bet? no. >> here folks, listen up, some is something that i don't think has been reported yet. here you go. some wire services out there. not big ones. blogs and then the wire services, i think briefing.com picked up on it. research was out positive on jc penney and things that january same store sales may be flat. i did research. mosaic research in portland, oregon covers jc penney. i reached out to the founder. he said we haven't put out anything. we haven't put anything out, haven'ted a is word. it is hard to find anything. i forwarded him the blog. he said, he didn't know who that was. so maybe there is another mosaic. but michael from mosaic in portland said we haven't put out anything about jc penney. >> tread with caution. >>> going head to head with macy's, get this, marcia stewart. courtney reagan has been following this battle. what is going on? >> reporter: mandy, right now the lawyers for j
remains one of the city's top picks. >> one of our favorites on the "street signs." where is herb when you need him? jc penney is soaring. does he have to live on that bet? no. >> here folks, listen up, some is something that i don't think has been reported yet. here you go. some wire services out there. not big ones. blogs and then the wire services, i think briefing.com picked up on it. research was out positive on jc penney and things that january same store sales may...
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Feb 4, 2013
02/13
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streets were safe, restaurants were packed, people seemed to have great time but will it pack the city's desire to host again in 2018 in rothy goodell said today, i fully expect to be back here for super bowls and i hope we will be back. we want to be back. end quote. at least that is satisfied. >>> a sneaky corporate story. hundred dollar german software company. what are they doing in football? trying to get into the sports globery and u.s. providing the software platform for fantasy football. more than 30 million people play fantasy football. billions of dollars. keep an eye on sap. >> i'm shocked people had a good time in new orleans over the super bowl. >> yeah. breaking news. people having a good time in new orleans. >> bourbon street, beads -- >> and various other things. >> and baltimore's beat down. >> okay. let's's talk about the ads, right? so much more than just the sport. personally, i tuned in for the ads. overall feeling from our staff was a collective, meh. julia boorstin, who was the biggest winner in the ad world? >> the biggest winner wasn't an advertiser but social me
streets were safe, restaurants were packed, people seemed to have great time but will it pack the city's desire to host again in 2018 in rothy goodell said today, i fully expect to be back here for super bowls and i hope we will be back. we want to be back. end quote. at least that is satisfied. >>> a sneaky corporate story. hundred dollar german software company. what are they doing in football? trying to get into the sports globery and u.s. providing the software platform for fantasy...
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Feb 28, 2013
02/13
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. >> and how about the remodeled restaurant? >> remodels are going great. we did a huge number right at the end of the year, so we're going to wait a few months here before i call out a trend on it. i'm very excited. we've got 25% of the system done. we think by the end of this year, we'll have 60% of our system remodelled in a beautiful louisiana kitchen image that really makes our food taste even more amazing than ever. >> one thing confused me. you gave what some people thought was a disappointing comp store growth. my take was not that. my take was when you do these big celebratory specials, a crawfish special, okay. i'm surprised that you can model that at all. if you hit -- if you hit it out of the park, your comp store sales numbers will be much bigger. how can you even try to model when you don't know what new thing you might have to drive a lot of traffic? >> you know, we did knock it out of the park last year with our comps at 6.9%, year before, 3%, so you're right, forecasting the year ahead, we want to keep going on a roll. we forecast this year
. >> and how about the remodeled restaurant? >> remodels are going great. we did a huge number right at the end of the year, so we're going to wait a few months here before i call out a trend on it. i'm very excited. we've got 25% of the system done. we think by the end of this year, we'll have 60% of our system remodelled in a beautiful louisiana kitchen image that really makes our food taste even more amazing than ever. >> one thing confused me. you gave what some people...
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Feb 25, 2013
02/13
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49 cities around the world, in europe, in north america, south america, asia. all over the world. >> do you have any idea what country these people were from? >> yes. >> you care to share that with me? >> i would not. >> you would not care to share it? >> no. >> have you caught any of them? >> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen? >> any successful penetration has the potential for leaving behind a capability. >> do we believe that there are--that governments have planted code in the power grid? >> steve, i would be shocked if we were in a situation where tools and capabilities and techniques have not been left in u.s. computer and inf
49 cities around the world, in europe, in north america, south america, asia. all over the world. >> do you have any idea what country these people were from? >> yes. >> you care to share that with me? >> i would not. >> you would not care to share it? >> no. >> have you caught any of them? >> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks...
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Feb 25, 2013
02/13
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tier one cities, the 25 million plus population cities, they're maturing. but the tier two and three cities, the stiffs that are only 10 million or 5 million populations, those are huge cities by western standards, there's a lot of growth going on there. the infrastructure growth in china's going on, they have 50 years of runway to come close to where europe and north america are right now. the chinese are thinking across multiple decades and generations. we're thinking across multiple decades and generations. we're not thinking about what's next week. so, we're building for the long-term. >> so, let me ask you, for your u.s. customer, which effects her most, stock market levels, employ or housing? what's the most relevant factor, or some other? >> from what we can understand, the behavior of the consumer, employment, number one. spousal partner employment number two, maybe housing as an indicator whether they have disposal income three, stock market doesn't seem to say, stock market's up today, i'm buying something tomorrow. i don't believe that's an influ
tier one cities, the 25 million plus population cities, they're maturing. but the tier two and three cities, the stiffs that are only 10 million or 5 million populations, those are huge cities by western standards, there's a lot of growth going on there. the infrastructure growth in china's going on, they have 50 years of runway to come close to where europe and north america are right now. the chinese are thinking across multiple decades and generations. we're thinking across multiple decades...
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Feb 19, 2013
02/13
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kate kelly is at the courthouse for us in new york city. kate. >> reporter: thanks, tyler. we're just about an hour away from what could be a contentious courtroom showdown, einhorn, founder and apple, inc. they are duking it out over a proposal in the proxy statement that would do away with charter right to issue preferred shares of stock. einhorn seeking an injunction to block the vote on that measure at apple's meeting february 27 wants apple to issue a class of shares to provide investors like him with additional value. apple is his largest holding of late and its fall in the fourth quarter accounted for damage to his portfolio in that quarter as well. apple sitting with $137 billion in cash on its balance sheet and he argues that's stockpile indicative of depression era mentality. apple is defending noting other investors calpers. blocking would eliminate other beneficial measures. would establish majority voting for investors on the board. leading into the hearing things have gotten a little snippy. apple said it would incur millions of dollars in printing and other c
kate kelly is at the courthouse for us in new york city. kate. >> reporter: thanks, tyler. we're just about an hour away from what could be a contentious courtroom showdown, einhorn, founder and apple, inc. they are duking it out over a proposal in the proxy statement that would do away with charter right to issue preferred shares of stock. einhorn seeking an injunction to block the vote on that measure at apple's meeting february 27 wants apple to issue a class of shares to provide...
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Feb 13, 2013
02/13
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triumph won't be port here until sometime tomorrow afternoon whmp day rivals the city of mobile will have medical personnel on hand to take care of any passengers or crew members that may need care as they come off of that ship. at least one person has been removed. someone with a pre-existing health problem over concerns for that. that was during a time when another carnival ship delivered food. what passengers will tell you still not enough food, the lines to get the food, three, three and a half hours, that the stench from the problem with the sewage is inescapable and overwhelming. many have pulled mattresses into hallways or up on to the deck to try and sleep. there's no air conditioning, so it's described as a horrific scene on that ship. you talked about the financial hit that's going to hit this company. they are saying that it would be as much as $80 million when this is all said and done, a tough go both on the financial side and the physical side as the ship inches its way towards shore here. >> thank you so much. families and friends of cruise passengers desperately tryin
triumph won't be port here until sometime tomorrow afternoon whmp day rivals the city of mobile will have medical personnel on hand to take care of any passengers or crew members that may need care as they come off of that ship. at least one person has been removed. someone with a pre-existing health problem over concerns for that. that was during a time when another carnival ship delivered food. what passengers will tell you still not enough food, the lines to get the food, three, three and a...
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Feb 6, 2013
02/13
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city and b of a have not performed well, even going back before the crisis, trading at significant discounts to tangible book value. so where the government could play a positive role is getting more information out to investors so they can decide maybe the economically best solution for this is a market-driven breakup, but right now it's very difficult again the inadequate disclosures to see how profitable each business line is because the mega banks don't allocate their capital expenses according to their business line. so i think the government has probably not looked at that as much as they should, and we need to get market information out. i think the market can provide a much faster solution than government, but you're right. they are still continuing interest in congress on some type of size limit or breakup proposal. >> i guess, isn't it difficult to see a different, you know, setup in europe than the u.s.? i mean, do we need a global standard? >> yeah. >> is it even logical to think that we have one standard across the world? >> well, i think that would be years in the making, and t
city and b of a have not performed well, even going back before the crisis, trading at significant discounts to tangible book value. so where the government could play a positive role is getting more information out to investors so they can decide maybe the economically best solution for this is a market-driven breakup, but right now it's very difficult again the inadequate disclosures to see how profitable each business line is because the mega banks don't allocate their capital expenses...
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Feb 20, 2013
02/13
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kind of helped that on our shareholder resolution. >> you're the new york city comptroller. you can pick up the phone and have the direct dial to jamie dimon, i'm sure. have you had that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it actually benefit me? >> we believe so. we believe that stronger corporate governance is best for the long-term share value, and it could -- it could possibly prevent a kind of loss like what we saw with the london whale. $6 billion is a lot. even at the beginning of it, when it first came to light, the -- jamie in this case characterize it had as a $2 billion loss and originally called it a teachest in a teapot. obviously there are -- there are different objectives that management and investors have. the board represents investors. those interests are not always aligned with management which is why, again,
kind of helped that on our shareholder resolution. >> you're the new york city comptroller. you can pick up the phone and have the direct dial to jamie dimon, i'm sure. have you had that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it...
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Feb 25, 2013
02/13
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the ap we are concerned because it can create misperceptions about the safety of the city. by the way, caesar way up ahead of earnings. as las vegas is recovering, in 2012, getting back close to 40 million visitors. the number of conventions and meetings up nearly 14%. clark county commissioners are considering cameras. there is a heavy presence in visible and visible. on twitter people are telling me, just got back friday, had a great week. didn't in the much different in the vibe, to be honest. another, i just got back friday and i would go again. i would go tomorrow, no problem. ibm will have 6,000 people there and the international conference of funeral service examining boards meeting. back to you. >> i went last fall, as you maybe remember, jane, o to the national funeral director's. it is wild. now planning 42-acre bay view campus. more than a million square feet in all. meanwhile, over in cooper tie o cupertino, apple will build a campus nearly 3 million square feet. there is the artist design, resembling a space ship. look at that. looks like stone hinge, sort of.
the ap we are concerned because it can create misperceptions about the safety of the city. by the way, caesar way up ahead of earnings. as las vegas is recovering, in 2012, getting back close to 40 million visitors. the number of conventions and meetings up nearly 14%. clark county commissioners are considering cameras. there is a heavy presence in visible and visible. on twitter people are telling me, just got back friday, had a great week. didn't in the much different in the vibe, to be...
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Feb 27, 2013
02/13
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can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already have, you know, pretty strict regulations in line or in house, to regulate brick and mortar casinos, other states might partner with them. basically direct -- and there could be revenue sharing agreement. that's what you might see going down the road. >> got it. we should also mention as well, right, mary, this could be a huge win for zynga what ch has almost 40 million on-line poker players. i do believe the stock is moving up. currently up by 4.7%. thank you very much, mary. >> welcome. >> rally is marching on, folks. we are looking for bargain retail stocks to get in on, cat walk cake walk.
can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already...
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Feb 11, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back. time for our top three trades. valero is the energy company trading at the highest levels since 2008. a buck and half percent. >> if they got an upgrade today from the abundant of crude and high margins. love this sector and stock. i would lighten up on a third of it and take that dividend. just protect yourself. it's been a rocket ship. >> soy mon, what's happening? >> first revenue growth in eight quarters announced a share repurchase and guess what, up graded by 4%. >> ron johnson rarely spends a full workweek at the company's headquarters and puts in shorter hours than previous ce o's, based on a previous newspaper report. the stock is up 2%. what do you make of that? >> no idea. i don't really care where ron johnson works or what he's doing on a day-to-day basis. my concern is can he get traffic going an they just announced a return to sales concept. i don't know what that means. traffic remained flat and they are doing a lot of things. >> you
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back. time for our top three trades. valero is the energy company trading at the highest levels since 2008. a buck and half percent. >> if they got an upgrade today from the abundant of crude and high margins. love this sector and stock. i would lighten up on a third of it and take that dividend. just protect yourself. it's been a rocket ship. >> soy...
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Feb 25, 2013
02/13
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we have a live report coming up on a violent crime wave there and if it's eating into the city's bottom line when it comes to the very-important tourist trading. that's later on "the closing bell." [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> welcome back. if you're just joining us, markets are seeing a selloff as we go into the final minutes of the trade here. dow down 132 points. the s&p back below 1500 for the first time in a little while. problems in washington and overseas, though, are not bothering one of our next guests. sam stoval. >> welcome, friend. liz ann sanders of charles schwab. welcome back
we have a live report coming up on a violent crime wave there and if it's eating into the city's bottom line when it comes to the very-important tourist trading. that's later on "the closing bell." [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. i've always kept my eye on her... but with so much health...
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Feb 13, 2013
02/13
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keynote address at the hair bonn investment conference here in new york city. the understatement of thor yao, he said he's a little bit obsessed with herbalife. he did spend most of his keynote on herbalife. he thanked carl icahn and dan lowe for making it a bigger story. and that the attention that it's getting means that regulators will pay more attention to it. he said the biggest risk in getting into the story is that regulators wouldn't focus on the company, but now it looks like they are getting that focus and that publicity was the key to that. he was addressing the question on the hong kong dollar, his major call last year. of course, we'll be monitoring this story. we saw that herbalife shares were trading lower on the back of some of these comments. going to take a break here. coming up next, afterhours action. we are on the earnings call for the latest developments on cisco. leon cooperman signs onto facebook and logs off of apple. we tackle the reasons you may want to friend social media stock, as well. be right back. >>> still to come on "fast," in
keynote address at the hair bonn investment conference here in new york city. the understatement of thor yao, he said he's a little bit obsessed with herbalife. he did spend most of his keynote on herbalife. he thanked carl icahn and dan lowe for making it a bigger story. and that the attention that it's getting means that regulators will pay more attention to it. he said the biggest risk in getting into the story is that regulators wouldn't focus on the company, but now it looks like they are...
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Feb 28, 2013
02/13
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the tail of two cities also coming up. how the sequester might impact the heartland. >> and we will talk to the mayors of oklahoma city and des moines. that's all coming up. do stay here with us on "street signs." [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ whirring ] [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the f sport. this is the pursuit of perfection. the f sport. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring cent
the tail of two cities also coming up. how the sequester might impact the heartland. >> and we will talk to the mayors of oklahoma city and des moines. that's all coming up. do stay here with us on "street signs." [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim...
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Feb 11, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>> let there be light. on this day in 1847, thomas edison was born. aside from providing the u.s. with the ever essential light bulb, edison's very firs
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley,...
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Feb 14, 2013
02/13
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for the second year in a row, the new york city department of environmental protection offered unusual valentine's day trip. a select number of lucky couples take on a tour of the city's wastewater treatment plants in brooklyn. highlights of the tour included romantic views of the sludge treatment area and a hike to the top of the plant's digester eggs. >> did that last year. so over that. >> all right. coming up next, the stocks our creators are courting this valentine's day, but first why traders karen and dan are at odds over a major financial firm. he'll deliver the most compelling argument. find out when "fast money" comes back. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. [ engine
for the second year in a row, the new york city department of environmental protection offered unusual valentine's day trip. a select number of lucky couples take on a tour of the city's wastewater treatment plants in brooklyn. highlights of the tour included romantic views of the sludge treatment area and a hike to the top of the plant's digester eggs. >> did that last year. so over that. >> all right. coming up next, the stocks our creators are courting this valentine's day, but...
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Feb 26, 2013
02/13
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chicago is a very diverse city. it's got in many businesses. >> thanks very much. >> terry duffy is going to weigh in on the branson/yahoo! brouha half. virgin founder slapping yahoo! ceo marisa meyer's no work from home policy. it's an uncommon tact. did branson break some sort of unwritten ceo code? >> we'll talk about that, and then later what will move your money tomorrow? three of wall street's top stock pros on whether this rally will continue. stick around for that. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio sum
chicago is a very diverse city. it's got in many businesses. >> thanks very much. >> terry duffy is going to weigh in on the branson/yahoo! brouha half. virgin founder slapping yahoo! ceo marisa meyer's no work from home policy. it's an uncommon tact. did branson break some sort of unwritten ceo code? >> we'll talk about that, and then later what will move your money tomorrow? three of wall street's top stock pros on whether this rally will continue. stick around for that. [...
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Feb 6, 2013
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>>> well, "the economist" is out with its list of most expensive cities in the world based on the price of everyday items. at number five, we have melbourne, australia, my hometown where, unfortunately, a loaf of bread there will set you back an average of $4.84. oslo, norway, very expensive city, a pack of smokes governments 15 bucked and number three, sydney, a bottle of table wine will cost you $25 which is a disgrace considering how much wine we produce and the runner up osaka, japan, where a dinner for four costs you $950. world's most expensive city, tokyo, loaf of bread, $9.60. >> thanks for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm embroemo at the new york stock exchange. this market trying to finish and retake that 14,000 level, not so fast. >> we're coming back here. i'm bill griffith. a see-saw day so far, the market's february volatility does continue and setting up to be an interesting final hour of trade, this being the most important hour of the day. as we've noted we'll
>>> well, "the economist" is out with its list of most expensive cities in the world based on the price of everyday items. at number five, we have melbourne, australia, my hometown where, unfortunately, a loaf of bread there will set you back an average of $4.84. oslo, norway, very expensive city, a pack of smokes governments 15 bucked and number three, sydney, a bottle of table wine will cost you $25 which is a disgrace considering how much wine we produce and the runner up...
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Feb 21, 2013
02/13
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there will be the top ten snow of all time, easily. lincoln is to the northwest of kansas city. here you go, you can can see the snow coming down. at times, at times, three to five inches an hour. that is an instain snow fall rate. as one point snowing heavily from kansas off to missouri. you are talking several hundred miles in through here. so now here it is in lincoln, the good news is, there is some dryer air coming into the storm now. and that may, at least, hold down for us some of the snow totals. but the damage is done. you can see the roads are very, very greasy. what i call almost a cookie dough mixture of salt, snow and stand itself. there were a mad dash of people heading home. we are very, very hoppy to see that. visibility has been coming up. we've been watching the entrance ramp to i-80 that you couldn't see a a little while ago. a far-reaching storm as you said, and one with severe weather with it along the gulf coast. back to you. >> you stay safe, jaim, thank you very much. >> you got, breerj. >> will that storm impact energy prices. crude oil with the worst st
there will be the top ten snow of all time, easily. lincoln is to the northwest of kansas city. here you go, you can can see the snow coming down. at times, at times, three to five inches an hour. that is an instain snow fall rate. as one point snowing heavily from kansas off to missouri. you are talking several hundred miles in through here. so now here it is in lincoln, the good news is, there is some dryer air coming into the storm now. and that may, at least, hold down for us some of the...
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Feb 5, 2013
02/13
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. >> one of the world's top experts on valuation, he joins us now from new york city. >> we have been watching apple sell all the way down from $705 to where it stands today. what's it worth for real? people want to know who are watching this show, whether they should get in, if they have it now, what should they do. >> i think it's worth a lot more than $450. at the same time, i was listening to your discussion and i think it's good news that the traders are leaving and the momentum is gone because i left apple eight months ago and i was on cnbc when i said i wasn't going to be an apple investor because there were too many crazy people around, essentially investing in the stock for the wrong reasons. if they wash out the markets of all those investors who had no idea what happened but are trading on it purely based on momentum. the value i got and it's on my website, is about $600 per share. when investors react to the earnings report. it was not a great earnings report. growth had leveled off, but if only apple were priced on the expectation of high growth. you don't need any growth
. >> one of the world's top experts on valuation, he joins us now from new york city. >> we have been watching apple sell all the way down from $705 to where it stands today. what's it worth for real? people want to know who are watching this show, whether they should get in, if they have it now, what should they do. >> i think it's worth a lot more than $450. at the same time, i was listening to your discussion and i think it's good news that the traders are leaving and the...
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Feb 7, 2013
02/13
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. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you can speak to the congressmen representing the districts the post office is the central meeting place. i have never been to these places. there is something going on there. i respect that. >> if you go on a listening tour. >> i should. >> you're making the right point. this point will come up later with the military. it's so widely distributed. everybody has an impact on this. we do live in big cities but people in kansas don't have the same relationship. >> shouldn't have to pay for that. >> you can't have everything you want in life. i have a number. $47 trillion. do you know what $47 trillion is? from the cbo, congressional budget office, that's u.s. federal spending for the next ten years. $47 trillion. okay? can we agree that's a big number? now the post office will add to that number. i think we should be subtracting from that number. i don't care what sentimentality or who claire mchaskill is. she shouldn't have run the race. sh
. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you can speak to the congressmen representing the districts the post office is the central meeting place. i have never been to these places. there is something going on there. i respect that. >> if you go on a listening tour. >> i should. >> you're making the right point. this point will come up later with the military. it's so widely distributed. everybody has an impact...
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Feb 5, 2013
02/13
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the windy city. long time fan. >> i appreciate it. >> caller: h u.n. >> buy, buy, buy. >> go to john in florida. >> caller: jim, i would like your latest take on arena pharmaceutical. >> at jim cramer on twitter, because i didn't fall in love with this sto, a lot of people despise me. i know people are in love with it. i am not in love with it. carl in arkansas. >> caller: greetings from arkansas. i am thinking of picking up a bank stock, your thoughts of new york community bank. >> it is so much higher than all the others, i will send you to keen. i don't know, it is a nice gain. i prefer key. i like the safety. that, ladies and gentlemen, is the conclusion of the lightning round! >>> coming up, allergra catapulted in 2013. botox smoothed out wrinkles for their results. are shares heading high sner cramer talks to the ceo, just ahead. [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars
the windy city. long time fan. >> i appreciate it. >> caller: h u.n. >> buy, buy, buy. >> go to john in florida. >> caller: jim, i would like your latest take on arena pharmaceutical. >> at jim cramer on twitter, because i didn't fall in love with this sto, a lot of people despise me. i know people are in love with it. i am not in love with it. carl in arkansas. >> caller: greetings from arkansas. i am thinking of picking up a bank stock, your thoughts...
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Feb 4, 2013
02/13
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, i still think actually right now, citi is the better play than jpmorgan. i'm still long jp morning, but getting long citi, as well. >> i'm worried about the financials here. at low interest rates, you had an all you can eat loans, all you could want of getting this credit. if rates go higher, it might be the first time in history that the price of a product goes higher and people want more. very unusual for that to happen. >> the net interest margin -- that is getting -- >> that's fine. >> we could see the net interest margin expand, which is the single most important thing -- >> it's the same argument as apple just in reverse. apple margins are going down, but if they sell more product, that's good. so, now -- >> i don't agree this is the biggest loans they could be making. >> it's a demand -- >> they can do whatever they want. >> you can see demand go up. eitherjamie's hot is really the bottom line. >> i don't know why you waited. >> there you go. nice way to end the segment. all right. let's get back -- the markets, of course, having the worst day of 20
, i still think actually right now, citi is the better play than jpmorgan. i'm still long jp morning, but getting long citi, as well. >> i'm worried about the financials here. at low interest rates, you had an all you can eat loans, all you could want of getting this credit. if rates go higher, it might be the first time in history that the price of a product goes higher and people want more. very unusual for that to happen. >> the net interest margin -- that is getting -- >>...
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Feb 13, 2013
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to couple cities with manufacturing, trying to bring jobs back to people and the cities that have lost them. i just wonder what was new about last night? >> i was really proud of the president's speech, because it highlighted particularly when it came to the economy. some new bold initiatives that really need to -- really designed to move the needle. because there's been a lot of criticism, not just of the president, but of the republicans and washington in general, that, you know, same old same old tired proposals. the proposal to create manufacturing innovation institutes around the country, we have one in youngstown, ohio. the president proposed a the least 15, and 5 over the next couple of years. that's going to allow us to make the kind of investments to make sure we can make things in america again and revitalize some of the communities decimated by the fact that factories have moved out of town. coupling those communities with businesses so we can make sure we can locate high-tech jobs and make them hubs for high-tech jobs. >> how to further that, when obviously the main concern
to couple cities with manufacturing, trying to bring jobs back to people and the cities that have lost them. i just wonder what was new about last night? >> i was really proud of the president's speech, because it highlighted particularly when it came to the economy. some new bold initiatives that really need to -- really designed to move the needle. because there's been a lot of criticism, not just of the president, but of the republicans and washington in general, that, you know, same...
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Feb 25, 2013
02/13
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. >>> and we will take you live to las vegas to see whether the recent violence there in sin city could scare away badly needed tourist. >>> sue herera is where me today. you remember sue herera. we will see you at the top of the hour for the all important last hour of the trading day. >> thank you very much, bill. >>> horse meat scandal has reached ikea. traces of horse meat has been found in the famous chain meat balls. they were sold in 13 other countries across europe. ikea says they pulled the tainted meat balls from the shelves and no other shipment were effected. >>> let's get back to what is happening in the market. our bread and butter, a market flash with julia boorstin, what are you watching? >> shares trading about 9.5%. even higher this morning on news that laying off 30 people and consolidating others as it looks to drive profitability. this is the second trading session sense legalizing gambling. now zynga stock is down 75% in the past year. but wall street sees potential in gambling revenue like hits from zynga poker. brian? >> julia boorstin, thank you very much. >>> no
. >>> and we will take you live to las vegas to see whether the recent violence there in sin city could scare away badly needed tourist. >>> sue herera is where me today. you remember sue herera. we will see you at the top of the hour for the all important last hour of the trading day. >> thank you very much, bill. >>> horse meat scandal has reached ikea. traces of horse meat has been found in the famous chain meat balls. they were sold in 13 other countries...
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Feb 15, 2013
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inc
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are...
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Feb 4, 2013
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right now reading the closing bell, new york city celebrating 25 years. they'll be appearing at carnegie hall. as we head towards the second hour, waiting for the interview with the ceo of clorox. on the second hour of "the closing bell." >>> and it is 4:00 on swallow street. do you know where your money is? i'm maria bartiromo on the floor of the new york stock exchange. the market posting the first triple digit loss on the dow industrials of the year after closing above 14,000 on friday. the market has retraced quite a bit of that today. we're also following a developing story at this hour. the justice department planning to file a suit against standard & poor's. mcgraw-hill clobbered today. also moody's down with it. and the dow down 130 points at the close tonight. about 1% lower at 13,880. nasdaq composite also gave up about 48 points as you can see there. almost 1.5% on the nasdaq. and the s&p 500 tonight down 17.5 points. joining me now is peter sorrentino, craig hodges, and our own rick santelli. good to have you on the program. peter, your though
right now reading the closing bell, new york city celebrating 25 years. they'll be appearing at carnegie hall. as we head towards the second hour, waiting for the interview with the ceo of clorox. on the second hour of "the closing bell." >>> and it is 4:00 on swallow street. do you know where your money is? i'm maria bartiromo on the floor of the new york stock exchange. the market posting the first triple digit loss on the dow industrials of the year after closing above...
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Feb 6, 2013
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an expensive city. so we'll see. it sounds like if mark carney actually doesn't come out with some of the more dovish statements on thursday people are expecting, the other thing could happen. we could be backing up toward 1.60 again. we'll see. mark, i hope you're listening. i'm kidding. >> between 1.50, 1.65 is -- what the exchange rate should be for dollar/sterling. that band is the comfortable trade weighted. it's about right. >> okay. >> and now, hsbc taking a turn in the hot seat this morning, appearing before the parliamentary commission on banking standards. hsbc ceo stewart gulliver and chairman douglas flint giving answer as we speak. just to let you know that that's happening. and there's plenty of corporate news, as well, today. >> that's right. disney's first-quarter profits fell 6% in part because of rising costs to buy sports content for espn. the company is exploring an exit from espn in the u.k. excluding that, results beat forecasts as revenues rose 5%. disney does see better quarters ahead thanks t
an expensive city. so we'll see. it sounds like if mark carney actually doesn't come out with some of the more dovish statements on thursday people are expecting, the other thing could happen. we could be backing up toward 1.60 again. we'll see. mark, i hope you're listening. i'm kidding. >> between 1.50, 1.65 is -- what the exchange rate should be for dollar/sterling. that band is the comfortable trade weighted. it's about right. >> okay. >> and now, hsbc taking a turn in the...
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Feb 21, 2013
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> i always wanted to bump in with dylan. that is a tv term. i think it might be time -- i can't believe i'm doing this. i think it might be time to buy the new york times. not the paper, shares in the company. nyt. yes, you heard me right. i'm about to recommend a newspaper stock. look, everybody knows the newspaper companies have been in decline for years, decades even. what the heck am i coming out to tell you to buy shares of the new york times. simple. they know that they getting rid of the print, that's why they are selling "the boston globe" that's not the business. the business is putting out the content online and charging for it. the new york times the online journal of worldwide record and ever since the nyt put up its online pay wall, this company figured out how to make money off its content on the internet. that's the great leap forward. see, at the end of the fourth quarter, times wracked up a denominal -- they have 668,000 paid digital subscribers, u
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> i always wanted to bump in with dylan. that is a tv term. i think it might be time -- i can't believe i'm doing this. i think it might be time to buy the new york times. not the paper, shares in the company. nyt. yes, you heard me right. i'm about to recommend a newspaper stock. look, everybody knows the newspaper companies have been in decline for years, decades even....
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Feb 22, 2013
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the question is why. i think it's the softness in soft drinks. sugary sodas could be facing increasing regulatory pressure and you can't buy a big gulp in new york city anymore. what would you rather own, coca-cola, 100% beverages or pepsico, which is only 40% beverages and 60% snacks? pepsico is being saved by frito-lay and global foods division. let's have a taste test with pepsico snacks and coca-cola snacks. not fair. and, look, the beverage business is healthier, it's got the gatorade, and tropicana juices, and 40% of the beverage volume is noncarbonated and only 20% is full sugar soda. within that 20% they have mountain dew. i had one for lunch, maybe you can tell. bizarrely, one of the most popular brands out there. mountain dew is on fire in india. mountain dew, india. can't make this up. pepsi has a major restructuring program underway. cut out layers of middle management, reduced head count. business speak for laying off people to deliver $3 billion in savings by 2015, and it can use the money it's saving to support its brands. restruct
the question is why. i think it's the softness in soft drinks. sugary sodas could be facing increasing regulatory pressure and you can't buy a big gulp in new york city anymore. what would you rather own, coca-cola, 100% beverages or pepsico, which is only 40% beverages and 60% snacks? pepsico is being saved by frito-lay and global foods division. let's have a taste test with pepsico snacks and coca-cola snacks. not fair. and, look, the beverage business is healthier, it's got the gatorade, and...